Claude Diehl
Sell a Solo 401K property with owner financing
I am trying to sell one of my Solo 401k properties. I've been made an offer of 50% down and for me (my Solo) to owner finance the other 50%. Is this legal? Can someone point me in the right direction? I really need a ...
David Choi
Tenant wants to leave for cheaper unit
Hi everyone,I just had a tenant notify me last week that they found a cheaper unit in the same sub and requested an incentive for her to stay at our place. We charge $3200 for a 2bdr 1232 sqft unit in Newport Beach, w...
Jim Goebel
Self Directed IRA Attorney / Advice
Hi everyone. Thanks in advance for any help/advice.I'm posting to crowd source this. I emailed our usual attorney for closings, to ask about this. She said it isn't in her wheelhouse and passed on helping. Here's ...
David Gjeldum
Transfer of ownership to a LLC, frees up credit?
Hey everyone,
Thinking of buying a condo here in Chicago (I know none of you are fond of that, but I have my reasons)
Say I buy a unit/finance it in my own name. If I transfer ownership to a LLC, does that free up m...
Joseph B. Davisson
Brokers and Lawyers using self directed IRA or Solo401k
I am interested in hearing about the steps to avoid violations for contributing "sweat equity" by brokers and lawyers who are investing their IRA or 401k money . For example, I am a lawyer and broker and a fee attorn...
Tom States
401k rollover to checkbook IRA LLC?
My game plan was to rollover my 401k to a checkbook IRA LLC. But the mortgage company wanted to close fast on a short sale before I could set up the LLC, so I had to rollover my 401k to a traditional IRA and take a di...
Sing Ho
How to be a Hard money lender
I have some cash and want to be a hard money lender. What kind of stipulation or kind of contract should I use? I already have someone come to me to lend them the cash to flip a house and they offer 20% interest for l...
Jennifer Anderson
Private reverse mortgage?
Hello and thank you for any advice. Here is the situation-I found a house I can purchase well below market. The owner would like to have six months after the purchase before vacating and will pay me the six months o...
Kasey Gagnon
First Investment Property LLC vs Conventional Loan
Looking for some advice in reference for my first investment property. This will not be my primary address, so FHA loans are out of the question. Do you all recommend buying the property with an LLC or buying it with...
Account Closed
Attached ADU, RSO and SCEP
Hi, looking for some insight and suggestions on next steps with my ADU and rental situation.At the end of summer 2022 I completed and received a CofO for an attached ADU in Los Angeles. I moved into the ADU and bega...